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The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
Barack Obama
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Interpretation

What this quote means

Raising taxes during a recession can harm the economy by reducing demand.

In this quote, Barack Obama emphasizes the negative impact of increasing taxes during a recession. He argues that such a move would diminish consumer demand, further exacerbating economic struggles for businesses and potentially prolonging the downturn. This perspective highlights the importance of maintaining economic stimulation during difficult financial times rather than imposing additional burdens on individuals and enterprises.

Themes

TaxesRecessionEconomyDemandBusinesses

In practice

Example use cases

In a discussion about economic recovery strategies.

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We've had every official in Hawaii, Democrat and Republican, every news outlet that has investigated this, confirm that, yes, in fact, I was born in Hawaii, Aug. 4, 1961, in Kapiolani Hospital.
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